Va. Code § 6.2-1012

Current with changes from the 2024 legislative session through ch. 845

Section 6.2-1012 - Suspension or prohibition of trust institutions

The Commission may prohibit or suspend from engaging in trust business any (i) trust company that fails to comply with any of the provisions of § 6.2-1005, 6.2-1006, or 6.2-1008; (ii) bank doing a trust business that fails to comply with any of the provisions of § 6.2-821, 6.2-1005, 6.2-1006, or 6.2-1008; or (iii) trust subsidiary that fails to comply with the provisions of § 6.2-1006 or 6.2-1008.

Va. Code § 6.2-1012

Code 1950, § 6-103; 1966, c. 584, § 6.1-32; 1974, c. 665; 2010, c. 794.

Amended by Acts 2010, § c. 794.

Amended by Acts 1974, § c. 665.

Amended by Acts 1966, § c. 584, § 6.1-32.